COOPER COMPANIES, INC. Annual Report - How They Did This Year

This year's annual filing highlights Cooper Companies' strategic moves, particularly their acquisitions, and offers insights into their financial structure and future plans.

Major Business Developments: Growing Through Acquisitions

Cooper Companies has been expanding its reach through several key acquisitions over the past few years. These moves help them bring in new technologies, products, and customer bases.

• Contact Lens Technology (November 2022): They acquired a privately held U.S.-based company specializing in advanced contact lens products. This strengthened their CooperVision segment by adding innovative technology and customer relationships.
• Fertility Solutions (November 2023 & June 2024): Cooper Companies made significant investments in the fertility market.
  • In November 2023, they acquired Cook Medical's Reproductive Health business. This acquisition involved payment installments, integrating this new part into their CooperSurgical segment. They gained technology and customer relationships in this area.
  • They followed up with another acquisition of a Fertility Company in June 2024, further solidifying their position in this growing market.

Key Takeaways

Cooper Companies is actively pursuing growth through strategic acquisitions. Their recent activities demonstrate a clear focus on expanding their presence in both the contact lens technology and fertility solutions markets, aiming to integrate new technologies and customer bases into their CooperVision and CooperSurgical segments.